Charitable Contributions
US Congress 114th Congress
A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes. [S.2085]
[Housing ]
[Real Estate ]
[Nonprofit ]
[Consumer Protection ]
[Taxes ]
A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes. This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization eligible to receive tax-deductible charitable contributions to be customary and reasonable.
Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 09/28/2015
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Tax Relief Extension Act of 2015 [S.1946]
[Taxes ]
[Energy ]
[Housing ]
[Small Business ]
[Veterans ]
[Film Production ]
[Budget and Spending ]
[Property Tax ]
[Construction ]
[Transportation and Motor Vehicles ]
Tax Relief Extension Act of 2015 Amends the Internal Revenue Code to extend expired and expiring tax provisions affecting individual and business taxpayers and the energy sector. (Sec. 2) Expresses the sense of the Senate that: (1) Congress should pursue a process of comprehensive tax reform, (2) Congress should eliminate temporary provisions in the Internal Revenue Code by making permanent those provisions that merit permanency and by allowing others to expire, and (3) a major focus of the tax reform process should be fostering economic growth
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Sponsored by: Sen. Orrin Hatch
Committee On Finance. Original Measure Reported To Senate By Senator Hatch. With Written Report No. 114-118. on 08/05/2015
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Small Business Tax Compliance Relief Act of 2015 [S.1827]
[Taxes ]
[Small Business ]
[Pensions ]
[Retirement ]
[Healthcare ]
[Budget and Spending ]
[Finance ]
Small Business Tax Compliance Relief Act of 2015 This bill amends provisions of the the Internal Revenue Code relating to the taxation of small businesses to: allow small business entities with gross receipts not exceeding $10 million (currently, $5 million) to use the cash method of accounting and an exemption from the requirement to use inventories; eliminate restrictions on the depreciation of computers or peripheral equipment; extend the tax deduction for the health insurance costs of self-employed individuals; allow small business entities
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Sponsored by: Sen. David Vitter
Read Twice And Referred To The Committee On Finance. on 07/22/2015
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National Disaster Tax Relief Act of 2015 [S.1795]
[Taxes ]
[Disaster Relief ]
[Budget and Spending ]
[Small Business ]
[Housing ]
[Construction ]
[Community Development ]
[Funding ]
[Grants ]
[Economic Development ]
National Disaster Tax Relief Act of 2015 Amends the Internal Revenue Code to provide tax relief for disasters declared in 2012, 2013, 2014, and 2015 by: allowing an election to expense qualified disaster expenses (i.e., for the abatement of hazardous substances, removal of debris, demolition, and repair of business-related property); increasing the tax deduction for charitable contributions for disaster relief for individual and corporate taxpayers; allowing through 2015 the deduction of losses and net operating losses attributable to disasters;
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Sponsored by: Sen. Cory Booker
Read Twice And Referred To The Committee On Finance. on 07/16/2015
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First Amendment Defense Act [S.1598]
[Religion ]
[Human Rights ]
[Law Enforcement ]
First Amendment Defense Act Prohibits the federal government from taking discriminatory action against a person on the basis that such person believes or acts in accordance with a religious belief or moral conviction that: (1) marriage is or should be recognized as the union of one man and one woman, or (2) sexual relations are properly reserved to such a marriage. Defines "discriminatory action" as any federal government action to discriminate against a person with such beliefs or convictions, including a federal government action to: alter the
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Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On The Judiciary. on 06/17/2015
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Charity Care Expansion Act of 2015 [S.1521]
[Healthcare ]
[Taxes ]
[Medicare and Medicaid ]
[Public Health ]
[Poverty ]
Charity Care Expansion Act of 2015 Amends the Internal Revenue Code to allow a physician a tax deduction equal to the amount such physician would have otherwise charged for charity medical care provided on a volunteer or pro bono basis through a pre-existing agreement between the physician and a health care clinic or other organization providing health care to underserved or low-income individuals. Imposes an overal limitation on such deduction equal to 10% of the physician's gross income derived from physicians' services (as defined by the Social
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Sponsored by: Sen. Rand Paul
Read Twice And Referred To The Committee On Finance. on 06/04/2015
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Charitable Agricultural Research Act [S.1429]
[Agriculture ]
[Taxes ]
[Science ]
[Nonprofit ]
Charitable Agricultural Research Act This bill amends the Internal Revenue Code to: (1) allow a tax deduction for charitable contributions to agricultural research organizations directly engaged in the continuous active conduct of research in conjunction with an agricultural college or university, and (2) extend to such organizations the prohibition against expenditures by public charities to influence legislation.
Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Finance. on 05/21/2015
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Small Business Expensing Act of 2015 [S.1399]
[Small Business ]
[Taxes ]
[Real Estate ]
[Budget and Spending ]
[Finance ]
[Economic Development ]
Small Business Expensing Act of 2015 This bill amends the Internal Revenue Code, with respect to the taxpayer election to expense depreciable business property (section 179 property), to: (1) increase to $1 million the expensing allowance for such property, (2) increase to $2.5 million the threshold amount of such property after which the amount of the expensing allowance is reduced, (3) grant a permanent right to revoke an expensing election, and (4) make such increased allowance permanent after 2014. The allowance is also made permanent for computer
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Sponsored by: Sen. Michael Bennet
Read Twice And Referred To The Committee On Finance. on 05/20/2015
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A bill to clarify that nonprofit organizations such as Habitat for Humanity can accept donated mortgage appraisals, and for other purposes. [S.1344]
[Housing ]
[Real Estate ]
[Nonprofit ]
[Consumer Protection ]
A bill to clarify that nonprofit organizations such as Habitat for Humanity can accept donated mortgage appraisals, and for other purposes. Amends the Truth in Lending Act with respect to the compensation of fee appraisers to state that, in the case of an appraisal for which the appraiser voluntarily does not receive a fee, the appraiser is not, and shall not be construed to be, with respect to the donated appraisal, a fee appraiser subject to appraisal independence requirements.
Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/14/2015
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Public Good IRA Rollover Act of 2015 [S.1159]
[Taxes ]
[Retirement ]
[Senior Citizens ]
[Finance ]
[Nonprofit ]
Public Good IRA Rollover Act of 2015 Amends the Internal Revenue Code to revise the tax exclusion of distributions from individual retirement accounts (IRAs) for charitable purposes to: (1) make such exclusion permanent; (2) eliminate the $100,000 cap on such exclusion; (3) permit tax-free distributions from IRAs to a split-interest entity (i.e., a charitable remainder annuity or unitrust, a pooled income fund, and a charitable gift annuity); and (4) allow distributions to a split-interest entity to be made when the account beneficiary attains age
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Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Finance. on 04/30/2015
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Expressing the sense of the House that Congress should recognize the benefits of charitable giving and express support for the designation of #GivingTuesday. [HR-482]
[Nonprofit ]
[Funding ]
[Grants ]
[Taxes ]
[Community Development ]
[Human Services ]
Expressing the sense of the House that Congress should recognize the benefits of charitable giving and express support for the designation of #GivingTuesday. Recognizes that the United States needs a strong and vibrant charitable and philanthropic sector to enable communities to meet local needs. Expresses support for: (1) the designation of #GivingTuesday as a way to encourage charitable giving; and (2) strong incentives for all Americans to give generously to charitable organizations by protecting the existing charitable deduction and reinstating
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Sponsored by: Rep. Tulsi Gabbard
Introduced In House on 10/20/2015
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Expressing the sense of the House of Representatives that the House should consider legislation to protect traditional marriage and prevent taxpayer funding of abortion. [HR-399]
[Family-Related Legislation ]
[Reproductive Rights / Abortion ]
[Taxes ]
[Healthcare ]
[Funding ]
Expressing the sense of the House of Representatives that the House should consider legislation to protect traditional marriage and prevent taxpayer funding of abortion. Calls upon the Speaker of the House of Representatives to encourage committee chairs to schedule the following legislation for immediate consideration and, if reported favorably by their respective committees, for votes on the House floor: H.B. 2802, the First Amendment Defense Act; H. Res. 359, providing that the House of Representatives disagrees with the Supreme Court's majority
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Sponsored by: Rep. Walter Jones
Referred To The Subcommittee On The Constitution And Civil Justice. on 09/08/2015
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Transform Education in America through Choice Act of 2015 [HB-773]
[Education ]
[Funding ]
[Grants ]
[Taxes ]
[Small Business ]
[Children and Youth ]
[Disabilities ]
Transform Education in America through Choice Act of 2015 Amends the Elementary and Secondary Education Act of 1965 to allow states to allocate school improvement grant funds among their local educational agencies (LEAs) on the basis of the number of children whose family income lies below the federal poverty level and who are enrolled in the public and state-accredited private schools within each LEA's geographic jurisdiction. Amends the Individuals with Disabilities Education Act to allow states that have established a program allowing the parents
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Sponsored by: Rep. Ted Yoho
Referred To The Subcommittee On Early Childhood, Elementary, And Secondary Education. on 04/29/2015
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America Gives More Act of 2015 [HB-644]
[Trade ]
[Small Business ]
[Technology and Innovation ]
[Consumer Protection ]
[International ]
[Taxes ]
[Budget and Spending ]
[Economic Development ]
America Gives More Act of 2015 TITLE I--TRADE FACILITATION AND TRADE ENFORCEMENT (Sec. 101) This bill directs the U.S. Customs and Border Protection (CBP) to ensure that CBP partnership programs, such as the Customs-Trade Partnership Against Terrorism, provide trade benefits to importers, exporters, and certain other private sector entities that meet program requirements. (Sec. 102) The Government Accountability Office (GAO) shall report to Congress on the effectiveness of CBP enforcement of U.S. customs and trade laws (trade enforcement). (Sec.
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Sponsored by: Rep. Ryan Costello
Became Public Law No: 114-125. (txt | Pdf) on 02/24/2016
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Permanent IRA Charitable Contribution Act of 2015 [HB-637]
[Taxes ]
[Budget and Spending ]
[Nonprofit ]
[Senior Citizens ]
[Retirement ]
Permanent IRA Charitable Contribution Act of 2015 (Sec. 2) This bill amends the Internal Revenue Code to make permanent the exclusion from gross income of distributions from individual retirement accounts made for charitable purposes. (Sec. 3) This provision exempts the budgetary effects of this Act from entry on PAYGO scorecards under the Statutory Pay-As-You-Go Act of 2010.
Sponsored by: Rep. Earl Blumenauer
Cosponsor Authority - Mr. Paulsen Asked Unanimous Consent That He May Hereafter Be Considered As The First Sponsor Of H.r. 637, A Bill Originally Introduced By Rep. Schock Of Illinois, For The Purpose Of Adding Cosponsors And Requesting Reprintings Pursuant To Clause 7 Of Rule Xii. Agreed To Without Objection. on 04/23/2015
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America's Small Business Tax Relief Act of 2015 [HB-636]
[Taxes ]
[Small Business ]
[Inflation ]
America's Small Business Tax Relief Act of 2015 (Sec. 2) This bill amends the Internal Revenue Code to make permanent after 2014 the $500,000 allowance for the expensing of depreciable business property (section 179 property) and the $2 million threshold after which the amount of such allowance is reduced. Both the allowance and the threshold amount are indexed for inflation for taxable years beginning after 2015. The allowance is also made permanent for computer software and qualified real property (i.e., qualified leasehold improvement property,
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Sponsored by: Rep. Ryan Costello
Signed By President. on 07/15/2016
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Permanent S Corporation Charitable Contribution Act of 2015 [HB-630]
[Taxes ]
[Nonprofit ]
Permanent S Corporation Charitable Contribution Act of 2015 (Sec. 2) This bill amends the Internal Revenue Code to make permanent the tax rule that reduces the basis of the stock of an S corporation shareholder by the adjusted basis (rather than fair market value) of any charitable contribution made by the S corporation.
Sponsored by: Rep. Ryan Costello
Reported (amended) By The Committee On Ways And Means. H. Rept. 114-16. on 02/09/2015
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S Corporation Modernization Act of 2016 [HB-5754]
[Taxes ]
[Small Business ]
S Corporation Modernization Act of 2016
Sponsored by: Rep. David Reichert
Introduced In House on 07/13/2016
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US Congress 114th Congress
CLINTON Act of 2016 Contributions Legally Interdicted from Noncitizens To Our Nonprofits Act of 2016 [HB-5581]
[Taxes ]
[Nonprofit ]
[International ]
CLINTON Act of 2016 Contributions Legally Interdicted from Noncitizens To Our Nonprofits Act of 2016 This bill amends the Internal Revenue Code to prohibit a federal official organization from being treated as a tax-exempt organization under section 501(c)(3) for any period after the date on which the organization knowingly or willingly accepts or solicits any contribution from any person connected to a foreign government. A tax-exempt organization is a "federal official organization" if one or more current or former specified federal officials
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Sponsored by: Rep. Pete Olson
Introduced In House on 06/24/2016
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Equal Access to Banking Act [HB-5511]
[Finance ]
[Community Development ]
[Small Business ]
[Poverty ]
Equal Access to Banking Act This bill requires the Federal Deposit Insurance Corporation (FDIC) to issue regulations: (1) easing the restrictive impact of regulations issued pursuant to the Federal Deposit Insurance Act relating to the factors to be considered for deposit insurance on non-profit community development financial institution banks, and (2) easing restrictions on the operation of such banks insured by the FDIC. The FDIC shall ensure that such regulations issued under this bill: (1) will not provide an opportunity for individuals or
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Sponsored by: Rep. John Delaney
Introduced In House on 06/16/2016